ES Journal - 2023/2024

[SammyJ]

The reason we’re dropping today is “ the highest professional shorts in 10 plus yrs “ has been broadcast 1000 times . Everyone wanted in long on the squeeze . It backfired and they got stopped out long .

 

[mervyn]

The reason we’re dropping today is “ the highest professional shorts in 10 plus yrs “ has been broadcast 1000 times . Everyone wanted in long on the squeeze . It backfired and they got stopped out long .

or maybe just the begining of deflating the balloon with dour earnings

 

[SammyJ]

or maybe just the begining of deflating the balloon with dour earnings

Time will tell . Although bank earnings were considered very good today . Were in a very tight range and have for weeks . If we get to 4030-4050 I’ll entertain a short to hold longer than 1-3 days

 

[chillibean]

L here 4141
(Obviously stopped at BE on the other long)

 

[chillibean]

L here 4141
(Obviously stopped at BE on the other long)

moving stop to BE

edit: out BE. Went +10 in my favour very fast, but gave it back even faster!

flat for now

 

[chillibean]

damn. I might have had about the low. Maybe a bit too quick to use the be stop

 

[schizo]

We're going higher from here, folks. We're trading at the lower end of the range and will very likely go right back up to 4200.

As I previously said, this year will be marked by incessant whipsaws (not only for the intraday moves but also on the daily timeframe as well). Back and forth, back and forth. If this ain't your cup of tea, well, stay on the sideline.

I think today's the day to call the top. We pretty much reached to upper end of the range at 4200 as expected. Now we go right back down to the lower range, which stands at 3900-ish.

 

[Master Pu]

I think today's the day to call the top. We pretty much reached to upper end of the range at 4200 as expected. Now we go right back down to the lower range, which stands at 3900-ish.

I don’t see this yet, but won’t surprise me though. I agree with yo-yo assessment going forward, but this is mostly to mask stealth bull market.

 

[Zwaen]

I think today's the day to call the top. We pretty much reached to upper end of the range at 4200 as expected. Now we go right back down to the lower range, which stands at 3900-ish.

why would the market stay in this range? Statistics up/down stay 50/50 imo

it’s just my view, as soon as you can identify a range”, miss break ‘em

“you can replace range by any chart pattern

 

[spectastic]

The reason we’re dropping today is “ the highest professional shorts in 10 plus yrs “ has been broadcast 1000 times . Everyone wanted in long on the squeeze . It backfired and they got stopped out long .

the contrarian trade was so contrarian that the trade became contrarian to the contrarians. that's deep.